 |
| CMP = 157 |
Magna Electro Castings Limited was incorporated as a public limited company in 1995. Magna is specialized in the manufacturing of castings and machined components of ductile iron, grey iron, spheroidal graphite iron, iron alloys, castings-machined, unmachined and steel components. It manufacture the castings in the weight range of 300 grams to 2000 kilograms. Magna also adds value by heat treatment, surface treatments and machining so that the products are ready to assemble.
It caters to various end-user industries like auto components, railways, agro, tractors, textile, refrigeration, turbo chargers, printing, hydraulics, cement , electrical machinery, earth moving machinery, power equipment, defense equipment, valve, windmills, transmission, etc.
Corporate Video
https://www.youtube.com/watch?v=6lG0k49TzXc
Manufacturing Facilities
The company has state-of-the-art factory with built in area of 25000 sqm ( 6.1 acre). As part of the green initiative of clean energy the company has installed wind mills with aggregate capacity of 4 MW for captive consumption purposes and the power generated from the wind mills feeds more than 60% of the power requirement of the company.
Casting Facilities
Magna has best in industry casting facilities include pattern-making, sand plant, coreshop, melting, green sand moulding, furan fast loop line , heat treatment, and fetting facilities.
Machining Facilities
Machining Facilities has modern hi-tech CNC machines capacity of 24 CNC machines include Horizontal Machining Centers, Vertical Milling Centers and Vertical and Horizontal Lathes. Machine Shop has Robust Fixture design capabilities using 'Solidworks' software and is backed up with 'EdgeCAM' software capable of programming Milling, Turning and Mill-Turn machines to eliminate manual error in CNC Programming.
Process Facilities
Magna has accredited metallurgical laboratory, non-destructive testing and metrology departments have facilities to carry out OES, combustion and gas fusion chemical analysis, hardness testing, microstructural examination, sand testing, radiography, dye penetrant, magnetic particle, ultrasonic inspection, Fully Automatic Brown & Sharpe CMM and laser scanning.
Development Capabilities
Magna is using the best technologies available, paired with tried and true foundry practices to create tooling and process techniques that reliably and consistently meet the casting needs of customers.
Quality Management
Magna has all inhouse testing facilities to ensure the alloy performance properties are to the specifications of the customer. Casting alloys are typically specified as per ASTM, AMS and SAE alloy specifications. Magana is certified for ISO 14001:2015 and IATF 16949:2016 certification by Bureau Veritas. Pressure Equipment Directive standards 2014/68/EU and Marine Certificate under DNV GL Rules for Classification of Ships. It ensure the high quality assurance that meet or exceeded all contractual requirements of products.
Investment Rationale
Indian foundry sector is lagging far behind in adopting the efficient and productive technology. From last few years, Magna is adopting the latest technology at decent pace to modernising its casting division such as 3D sand printing and use of robotics. 3D printing technology enable to print the mold and cores within days and deliver the prototype casting within weeks. It completely eliminate the old lengthy process of mold making. The company has installed robotic machines to perform several critical operations to eliminate the human error and improve the product quality.
https://www.magnacast.com/news.php
Magna Electro is utilizing the Engineering Services capability and the leading edge 3D printing technology of its sister company Magna Digitech to leverage New Product Development for its customers. This one of a kind unique selling proposition (USP) puts Magna in an enviable position to provide solutions to its customers right from the Design Stage to Engineering to Prototyping to Validation and to Production lots to its customers. Magna aims to become the Go To supplier for Casting Technology.
Magna Digitech is aiming to modernise the entire Indian Foundry & Casting Industry.
https://www.amchronicle.com/insights/magna-digitech-strides-in-modernising-the-foundry-casting-industry/
https://www.youtube.com/watch?v=6GumWWQY4Tw
Over the last 25 years company has built a solid knowledge background and pool of extensive experienced people. It enables the company to meet stringent requirements on quality control for complex jobs. Now company is coupling experience of past with fast-emerging technology of the future.
Export of casting products from India is very insignificant as compared to the global industry demand. Hence the opportunity is there for the company to tap the export market. The foundry products are used in its sustainable growth has become more important today than ever before given the emphasis of the government on 'Make in India'. The company is already doing around 50% of its business from export, it supplies industrial components to the leading OEM across the world.
Magna has established warehousing in the USA, this facility along with bi-weekly container shipments, allows the company to cater to low volume requirements. The warehousing capability enables it to supply products just in time to the customers in USA and Europe.
Magna is accredited with different international standard specified as per ASTM, AMS and SAE alloy specifications. Magana is certified for ISO 14001:2015 and IATF 16949:2016 and 2014/68/EU. All these increases opportunity for getting orders from across the world from different industry.
Mr. Krishna Samraj is the managing director of Magna Electro Castings Ltd. He is also ex-president for Institute of Indian Foundrymen (apex body for foundry in India). Promoters have raised their stake 20% in last 10 years. Shareholding of promoters has increased from 32.41 % in 2011 to 52.58% in 2021.
You will get some insight about vision and personality of company MD Mr. Krishna Samraj, even though it is eight year old interview.
https://www.youtube.com/watch?v=Ulz9A3BW2vA
Magna Electro has gone for buyback offer @ Rs 175 per share in Oct-Nov 2020. Company is debt free and paying regular dividend since last 15 years.
Conclusion
Magna Electro Casting has well established state-of-the-art infrastructure and cutting-edge technology. The company is continuously upgrading its facilities with latest technology since last 3 years. From last two years industrial growth is subdued due to Covid-19 impact in India and across the world but now all the stage is set to reap the benefit of these investments. The company is going to give robust growth in the coming quarters. Stock at cmp 157 is giving best investment opportunity in this segment for both mid term and long term ( 2 year to 5 years ). It can be bought + / - 15% from cmp with 10 % allocation.
Thank you very much Mam
ReplyDeleteMam, AksharChem result is not very impressive. It seems they have completed the new project (fixed asset up, CWIP down but no change in depreciation) but hasn't started generating revenue. please let us know your views on the result.
ReplyDeleteCompany has posted excellent result by considering the impact of covid-19 on textile and other chemical industries. Commercial production of precipitated silica plant has not yet started, company will give update on it within this quarter
DeleteIt is not advisable to buy at cmp.You can buy blog stocks within 15% from suggested price.
DeleteThanks for the new share
ReplyDeleteThank you madam ��
ReplyDeletethanks madam. one doubt that due to higher oil prices auto industry may get affected and due to that reason magna casting may face difficulties in revenue ? can you please throw some lights .
ReplyDelete1. More than 50% of revenue is coming from industrial casting and it is from export.
Delete2. Growth of auto industry is not linked with oil prices but it is linked with earning growth or growth of per capita income. The person who has capacity to buy the new vehicle, will have capacity to fill the fuel also.
3. For FY 21, in the worst scenario of covid-19 the company is going to post EPS of more than 12 rupees. If we multiply it with industry P/E 45 then the fair price of the stock is above 500 rupees
4. General trend is that our Indian companies are importing in engineering component from abroad but this company is exporting Engineering Product to USA and European market. It shows that its products are matching and exceeding the International standard
Thanks mam for your deep explanation.
DeleteExpected return madam in 2 to 5 years??
ReplyDeleteFirst we are looking for 100% profit in 3 years and then need hold the free of cost shares for long term with target of 300 -500% return
DeleteThank you madam
ReplyDeleteThank you Madam for the new recommendation. May we know the expected return on this investment over a period of 5 years.
ReplyDeleteFirst we are looking for 100% profit in 3 years and then need hold the free of cost shares for long term with target of 300 -500% return
DeleteThank you very much for this wonderful reco. Mam
ReplyDeleteAkshar Chem result was today…was not able to see any update on PPT silica production? Please can help with that
ReplyDeleteThank you
Company has posted excellent result by considering the impact of covid-19 on textile and other chemical industries. Commercial production of precipitated silica plant has not yet started, company will give update on it within this quarter
DeleteMam thanks for d recommendation first, coimbatore is severely affected by covid, also last quarter itself profit is not so good, and mar, june quarter's will b a washout, can u please throw some light on the financial and business expected mam
ReplyDelete1. Best opportunities are coming in worst market conditions.
Delete2. More than 50% of revenue is coming from export of industrial casting.
3. Magna will post EPS around 12 to 15 rupees for FY 21, it is still one of best performer in industry. (Last year lockdown period was more than 3 months)
4. Going forward business condition will improve and there will be significant expansion in top and bottom line.
Dear ma'am, Thank you
ReplyDeleteMam, i have been following your blog for many years and i have benefited a lot from your recommendations. I entered into the beautiful world of investing only because of the confidence from your blogs. Thank you very much for another wonderful stock recommendation mam
ReplyDeleteMam, Thanks for the recommendation. What is the expected topline and bottom-line in next 3-4 years? Is any estimate on future revenue available in public domain?
ReplyDeleteTopline will grow around 10 -15% with OPM around 20%.
DeleteVery good recommendation mam but how growth will come is not clear revenue growth for the company seems more or less stagnant or very little growth for years.
ReplyDeleteRegards
Topline will grow around 10 -15% but there will be major expansion in bottomline due to improvement in OPM around 20%.
DeleteFor example - if we see the revenue growth of Deepak fertilizers, it is more or less stagnant or very little growth for last 5 years but stock moved from Rs 100 to 400 in last one year. It happened due to major expansion in bottomline, OPM% has gone up from 8% in 2016 to 16% in 2021.
Similarly we expect for Magna Electro that current OPM% of 11.25% will grow up to 20% in coming quarters, once the business will return to normalcy.
Madam great insight once again,can you please elaborate how the margins will improve drastically even when they are decreasing from 16 to 11 percent.In case of deepak fertiliser it was clear case of churning from low margin business to focus on high margin business.
DeleteNormal operating profit margin of company is in between 15 to 20%. The reduction we see in OPM is due to impact of covid-19. In addition to above the company is now completely dept free and using the the latest technology and upgraded machinery, it will also help to increase the efficiency and productivity.
DeleteMa'am,
ReplyDeleteThank you very much.
Thanks a lot Sir and Mam , want to thank you from bottom of my heart for making me bold in my investment journey .
ReplyDeleteMy portfolio is giving an annual return of 40 % which i have bulit over last 5 + years under your guidancec.
Shall i book profit or hold for further gains . Pl guidec. Rgds Deepak
Always need to book some partial profit around hundred percent and keep the free of cost share for long term. It will help to expand the portfolio and same time it will give stability to portfolio during rough market conditions.
DeleteWe will expand by reinvesting the profits in new stocks but how will the portfolio become stable pl guide .
DeleteThe more stocks you hold in your portfolio, it will lower your risk exposure. For example a portfolio of 15 stocks, particularly from different sectors or industries, is much less risky than a portfolio of only 5 stocks.
DeleteThanks very much for new recommendation madam
ReplyDeleteThanks for the recommendation ma'am,
ReplyDeleteWhile reading directors report I have found increasing RM cost has negative impact on margins of the company.
Right now iron ore prices are very high . Will it not impact profit margin??
1. Directors report stating about Dec 2019 and March 2020 quarters where OPM fell to 3.27% due to RM cost impact. After that it came back to normal OPM level.
DeleteGenerally company able to pass cost rise to customers but some of the the current order may have some impact due to sudden rise in in raw material price. Same time company will get some cushion due to existing stock of raw material
Madam please share your views on Akshar Chem results many companies has posted excellent results what about of this
ReplyDeleteAkshar Chem has also posted excellent result by considering the impact of covid-19. Result will improve further in coming quarter, once the business will return to normalcy.
DeleteGod bless you forever for your blessings on us...
ReplyDeleteMam, thank you for taking the effort for providing this new stock suggestion.
ReplyDeleteOne question I have is that you give allocation of 10 % for some stocks and 20 % for others.
Is there any specific reason for this? Is it that stocks suggested with 20% allocation are more safer than stocks suggested with 10% allocation ?
1. It is very solid fundamental stock but equity base is very small and low price.
Delete2. Still we will go for another 3 stocks in this year, most probably with 20% allocation.
thank you very much madam for the reply.
DeleteHi Mam, is it a good idea to sell Aditya Birla capital & buy Magna Electro casting shares. i understand these 2 companies are different sectors & cannot compare to each other. But, i dont have capital for fresh investment. So, please suggest it.
ReplyDeleteYes, if you are in already good profits then never miss to book the partial profit around 100% and reinvest again to expand your portfolio and same time it will give the required stability in rough market conditions.
DeleteMadam thanks lot for wonderful stock suggestion
ReplyDeleteBig names like ELGI EQUIPMENTS LIMITED, PASSAGE TO INDIA MASTER FUND LIMITED and BYNA MURALI are shareholders in this company. Free float market capitalisation is very small, is it possible to buy the shares easily within 15% given buying range ?
Yes, we hope there will be enough liquidity.
DeleteThank you very much mam for ur recommendation. Ur recommendation helps a lot to understand the business .I started following u for last one year and it gives me a lot of confidence in investment world...
ReplyDeleteThnks a lot .....
thank you for the new recommendation. wanted to know your views on Birla Cables if you are tracking the stock
ReplyDeletesorry not tracking it
Deletethank you for the recommendation ma'am.. Kindly help us understand better
ReplyDelete1. Is Magna Digitech its subsidiary company?
2. At what growth the forging industry is expected to grow in the coming years?
3. How can we expect Magna to gain market share from its already established competitors?
1. It is not subsidiary but sister company.
Delete2. Indian Foundry Industry forecasted to grow at a CAGR of 10% during 2020-2024.
3. Magna has reputation for quality and commitment backed by its extensive experienced workforce, proven business processes and cutting edge technology.
Madam what will impact of ev revolution on them. Can they cater to ev.
ReplyDeleteNothing
Deletei have nocil shares from here it can give 100 to 300 percent returns in 1 to 3 years or can book profit of half of my shares.
ReplyDeleteYes, it is good stock and able to give consistent return around 15% per year
DeleteMadam, request for consideration for next recommendation Active pharma ingredients and CRAMPS which are trading low PE and under valuation stocks. 🙏
ReplyDeleteMost of the good pharma stocks are trading at higher valuation, we will see if any good opportunity available in this space in future.
DeleteDear Maam,
ReplyDeleteDo you consider Macro Factors when buying and selling stocks?
There are lot of talks about excess liquidity world over and people are talking about mis-matches between economic scenario and Stock Markets. US Bond Rates and Monetary Policies etc.
Should we be considering such factors when deciding on when to buy and when to sell?
If you guide us on how to interpret all macro issues or which macro issues are critical and which are not if will help us all a lot. Thank You.
Macro and micro factors always vary based on internal or external factors like political, geopolitical, social, economic, created or controlled by human or nature, trend or rumor etc.
DeleteDefinitely we look into above factors but our approach is company or product specific because we invest for long term.
Mam i kept on buying STPL from around 62 till 70 paise . Average pricd is Rs.5.50 .Now the prices are rising and i am in no profit no loss . Total 50,000 shares. Shall i hold or get out. Pl advise
ReplyDeleteYou have already taken unwanted risk, now at least exit with some profit.
DeleteMadam , I hold Bharat Forge in my portfolio can i add Magna as per our desired allocation % or i can wait for next reco. Pl. guide my humble request .
ReplyDeleteYou can buy it if your allocation is less than 20% in Bharat Forge
DeleteKya shhree Pushkar chemical ko purchase kar sakta hu @190 for long term investment k liye
ReplyDeleteIt is not advisable to buy at cmp
DeleteMam,
ReplyDeleteConsidering very good numbers from chemical sector and even almost every textile company has also posted very good results but Akshar Chemical's profit felt down compare to Q4'2020.
Thanks
Material Cost was higher in Q4 2021
DeleteMadam
ReplyDeleteWhat is your call on Asahi songwon colors bought at Rs 208/- .. can we expect good returns from its new JV ? What is the expected price target in 3 years ??
It is good stock and able to give consistent return around 15% per year
DeleteMam
ReplyDeleteCan Srikalahasti pipes be added at current CMP around 190.what will be expected return.
Regards
You can buy it in case of further correction around 150 but it is not advisable to buy at CMP
DeleteHello Madam,
ReplyDeleteThanks for your recommendation. What is your view on talbros auto and Jamna auto?
You can continue to hold talbro auto for long term, company has posted good result for this quarter and it will improve further in coming quarters.
DeleteNot tracking Jamuna Auto
thanks a lot
DeleteThanks for the new recommendation.Please guide me as to whether I should continue to hold Sunflag iron &steel and TPL Plastech.Are they likely to give substantial returns going forward.Please advise
ReplyDeleteHi Ma'am,
ReplyDeleteThis stock has already gone up 18% after the recommendation. It was trading at 16%+ most of the day. The +-15% criteria has already passed. Couldn't buy it. Need to wait till it comes back in the buying range.
Thanks.
Yes you can wait for some correction and buy within 15%.
DeleteThanks for the recommendation. Hi I am already a shareholder I am very happy that a smart investor like you also like the stock.
ReplyDeleteMadam ji, Deepak fertiliser mein mera port folio mein 7% hain @212, aaj videshi companies ke saat collabaration news ane ke baad mera buy price se double hogaya hain. 50% sell karun ya pura news ka steam ane tak entajar karum.
ReplyDelete2.Aaj magna elecro 16 to 19% up mein hi jujraha tha, abhi esi price mein lesakta hum ya below 15% of suggested price mein milega upay batadegeye.
Your allocation is only 7% in Deepak fertilizer so you can continue to hold it for long term
DeleteYou can wait for some correction and buy within 15%
Hi mam
ReplyDeleteBecause of you today I got my success in share market in terms of deepak fertilizer bought at 130 sold 412
It help me to reduce my home loan
Allah aapko aur aapki family ko acchi sehat aur Barkat de.
Khuda afeez
God bless you
DeleteMadam...i could only buy 177 shares at 179.88 price.....strictly at +15%.
ReplyDeleteIt is good price, now you can continue to hold it for long term
DeleteMadam,
ReplyDeleteCan you please share your updated view on Shree Pushkar
Shree Pushkar has posted good result and result will improve further in coming quarters. you can continue to hold free of cost shares for long term
DeleteHello Maam, Thanks for the recommendation. Volume were very less, I could buy 100 shares at 182
ReplyDeleteYou place order at lower price and buy within 15%
DeleteHi Mam,
ReplyDeleteCurrently during pandemic the stock market is going new high. Some are suggesting we may see a crash soon. What is your view. Is the valuation of companies are very high.
After every major rally in the market, 5 to 10% correction is very normal. Sensex index will touch 100000 mark within 5 year.
DeleteNow you can imagine how much rally still left for those who has started investing just in this month?
Valuation of the companies will look very cheap after improvement in earning or EPS.
Mam, I humbly ask you how you calculated sensex future growth
DeleteHello ma,am,
ReplyDeleteI have bought TPL plastech at 80 levels last year. Do you think from here on company can grow its net profit & revenue by 20% going forward.
Also crude prices are high these days. It might impact company's margins.
Your views whether I should hold or sell?
Yes, you can book partial profit and keep the free of cost share for long term
DeleteHello Madam,
ReplyDeleteWhat is your view on IOL Chemicals & Pharmaceuticals Ltd. If good, is 600 rupee is decent price to enter?
Sorry not tracking it
DeleteDear Madam,
ReplyDeleteI have already allocated 10% of the portfolio in Magna Castings. I have another 10% to allocate, can I do it in TPL Plastech. Three years are going to expire and the stock is trading within 15% from reco price.
It is not advisable to buy TPL at CMP, you can continue to keep cash with you for few months
DeleteMaam Request your views on Bajaj Hindustan given the cuurent policy of govt on ethanol
ReplyDeleteSorry not tracking it, all sugar stock are having same opportunities. Some sugar companies are having distilleries for them producing alcohol is more beneficial than producing ethanol.
DeleteHi Mam-
ReplyDeleteWelcome
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Home
› International
Insecticides India receives patent for its fungicidal composition
By Capital Market | Last Updated at June 09 2021 15:04 IST
Insecticides India has received a patent from Govt. of India, titled 'A Synergistic Fungicidal Composition Comprising Hexaconazole and Carbendazim'. The patent is for a term of 20 years
Mam what would be topline and bottomline growth we can see due to 20 year license.
Can we see share price going to 1500 within 1 year.
It is good company and having lot of growth potential, you can continue to hold free of cost shares for long term.
DeleteMadam, i have Ganesh Housing @ 120 since recommendation and some qty bought recently, now my average @ 58, recent results are good and frequently UC and not completed 3 years.
ReplyDeletePlease suggest accordingly suitable action where to exit (no free of cost share i have) recently enquired in gujarat they told company is doing well, so your target may achive 3-5 times of your suggested price. 🙏
You have already taken significant risk in this stock now you can book partial profit and keep the free of cost share for long term
DeleteHi Madam, Why companies like Alkyl Amines, Arti Ind, Vinati Organics quote at a PE of 60+ and Deepak Nitrite still at 30's...Hope this will re-rate soon
ReplyDeleteYes, Deepak nitrate has moved already 400-500% percent in last one year now it will consolidate before next move. Market will also see some quarterly results for consistency and growth.
DeleteGood that PE is so low compared to industry peers even after such stellar returns...better to accumulate more or hold.
DeleteThe accumulate is already done in the initial phase within 15% from suggested price, Now need to hold free of cost shares for long term.
DeleteTechnocraft Industries (India) Ltd ko purchase kar sakta hu @465 ???
ReplyDeleteIt not advisable to buy it at cmp.
DeleteMam, Deepak Fertilizers Planning 5,00,000 MTPA Ammonia plant expansion, 1,00,000MTPA IPA plant expansion, 2,00,000MTPA NPP fertilizer plant expansion, 3,76,000 MTPA TAN plant expansion.
ReplyDeleteDo u see huge growth in future?
Your views please
Yes there is very bright future for this company. Very few will able to hold this stock for next 5 years to see the real benefit of these expansions and growth initiatives.
DeleteWhat may be targets?
Delete15 to 20% return per year
DeleteHi Madam,
ReplyDeleteThanks many for new stock recommendation and sparing time with us
Regarding doubt related to “Debt-to-Ratio” calculation understanding for Deepak Fertilizer.
I have got the formula from google, it’s
Debt to Ratio = Total Liabilities / Stock holder equity
Below numbers have been taken from money control:
Current Liabilities (A): 1,979
Other Liabilities (B): 2,460
Total Liabilities (C=A+B): 4,439
Share Capital (D): 103
Reserves & Surplus (E): 2,599
Total shareholder Amount (F = D+E): 2,702
Debt to Ratio = 4,439 (C) / 2,702 (F) = 1.64
As per this calculation, I get 1.64 as Debt-to-ration, but moneycontral mentioned as 0.85
I am sure my numerator or denominator is wrong.
Could we request you to explain the numerator and denominator numbers and what I missed here? It’ll be useful to enhance our knowledge
Thanks Many
Raj
You may have not counted the current asset in this calculation
DeleteHi Madam,
DeleteAs you said, if we add current asset (2,520) in denominator, we get exactly Debt to Ratio as 0.85.
It's very clear to me now with your explanation.
Thanks ton again for your help and time on this
Hi Ma'am
ReplyDeleteJust curious - why does the foundry industry command high PE despite having quite low RoCE?
Average ROCE of magna electro is around 20% it depends on capacity utilisation. It is also trading at lowest P/E in the industry. This industry is capital intensive.
Deletehttps://www.google.com/amp/s/m.businesstoday.in/lite/story/rbi-thinks-stock-market-is-in-a-bubble-heres-why/1/440182.html
ReplyDeleteSome correction in the market is normal after making new high level
DeleteNamaste,
ReplyDeleteThank you for the new investment opportunity.
Ganesh Housing hitting upper circuit for last 3 days, anything positive expected and can we hold?
Thanks and Regards,
D Viswambharan
Company has already given disclosure of Scheme of Amalgamation on stock exchanges. There is no further update after that
DeleteMadam ji Dhunesari tea bonus issue our Insecticides patent. Both are having since recommendation. Please throw some light on what are the news effect on both. where to exit in this rally, not having any free of cost shares. 🙏
ReplyDeleteYes bonus issue will help to increase the liquidity in the stock trading volume will increase. You can book some profit and keep the free of cost share for long term
DeleteDollyji ur views on amarjothi spinning...holding since last 3years...
ReplyDeleteIf any stock not performing for three years then we should start thinking on it and looking for best the possible chance to exit and reinvest it again. Stock may give good return after 4 or 5 years but we have decided our time line for three years which is sufficient for new and small investors.
Deletehttps://dolly-bestpicks.blogspot.com/2021/01/investment-summary-past-performance-and.html
Madam,
ReplyDeleteI am very much indebted to you. Thank you for your self less support to all of us. I had many stocks in losses like kesoram etc, but DNL, DFPL and orient papers have done wonderfully well which has not only covered my losses but also made me great profits. God bless you.
Orient electrical does it have Good future, can we hold on to it for long term say next 5 years or better to exit and invest in other shares. Can you please show some light.
Orient electric is very e strong brand name in the market and it will continue to grow at decent pace, you can continue to hold it for long term.
DeleteHello Madam,
ReplyDeleteAny view on Motherson Sumi ?
Sorry not tracking it
DeleteMadam please share your view on fresh buying for
ReplyDelete1. Hemadri chemicals tieup with tesla for battery manufacturing.
2. Patent rights for 10 years for Insecticides. (Old holdings)
Hexaconazole and Carbendazim are very old molecules and very commonly used fungicide in Indian market. Insecticide has made combination of formulation to get the patent and different combination are also available in the market. So in short term it will not make any major difference in revenue. It need lot of effort to establish the new product in the market with brand name
DeleteNot tracking other stock
Dear Rajiv Sir,
ReplyDeleteHope your doing well in this pandemic!
As I just left SINTEX like that as there is nothing left to exit earlier but now I see Sit's moving slowly. Is there any news regarding the company or just moving with market highs.
I have Sintex 3505 @15, please suggest your view as well.
Thanks.
1, As mentioned earlier need to write off investment and just hold the stock as it is for 5 to 10 years without thinking much on it
Delete2. Need to follow investment strategy and be happy
https://dolly-bestpicks.blogspot.com/2021/01/investment-summary-past-performance-and.html
Deepak fertiliser is in talk with foreign companies for partnership to hive off its core business in to separate corporate entity ...
ReplyDeleteDoes this mean 3 demerger in upcoming years?
There is no any official update given by company but definitely in the long run there will be demerger, bonus and split
DeleteHi Ma'am. Could you please guide on the prospects of Asian Granito at CMP. Thanks
ReplyDeleteSorry not tracking it in recent past
DeleteMadam,
ReplyDeleteIt is worth buying Deepak Fertilizers at this price given the future growth potential it has?
Any stock can be bought within 15 % from suggested price. It is not advisable to buy at high price
DeleteI have Dwarikesh Sugar in portfolio with decent profits, is the stock good to hold for long or should I book the profit and exit?
ReplyDeleteYou can book partial profit around 100% return and keep the free of cost share for long term
DeleteDear Ma'am
ReplyDeletemy sincere thanks for your undonditional service to us. Ma'am could you please explain us how to find / filter these good companies.
You can look for company with good product which are having good growth potential in future
DeleteMa'am,
ReplyDeleteWhy did Deepak fertilizers hit lower circuit? Any bad news as such?
Its circuit filter is revised to 5% under ASM LT Stage 4, it is normal procedure to control price movement. Later on it will be shifted back for normal trading.
Deletehttps://www.bseindia.com/markets/equity/EQReports/additional_surveillance_measure.aspx
Thank you ma'am for the update
DeleteHi Mam,
ReplyDeleteThanks for the recommendation. Can we buy KRBL at current price.
Sorry not tracking it in recent past
DeleteHello Madam, Is there any bad news about Deepak Fert? Stocked moved to BE segment and hence observed panic selling today!
ReplyDeleteThere is no any bad news. Its circuit filter is revised to 5% under ASM LT Stage 4, it is normal procedure to control price movement. Later on it will be shifted back for normal trading.
Deletehttps://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20181027-1
https://www.bseindia.com/markets/equity/EQReports/additional_surveillance_measure.aspx
Madam, please throw some light on todays
ReplyDelete1. Market crash and lower side tgt for next one month.
2. Lower ckt and no buyer on Deepak fertiliser. Thank you
Some correction is normal in stock or market after major rally
DeleteDear Maam, how do see Jubilant results? Top Line has shown very good growth but they have posted a big loss for Q4. This has also dragged down the full year to a loss.
ReplyDeletePlease help understand the results.
Jubilant industry has posted positive result for this quarter and complete year but it has adjusted Rs. 34.33 crores DTA which resulted net loss to quarter and year. Company has cleared the backlog which is good for future
DeleteMadam ji please share your view on Insecticides results. Thank you
ReplyDeleteQ4 is average for pesticide companies but company has posted good result in this quarter. Company has reduced the debt significantly. It is expected that company will show strong performance in coming quarters due to good monsoon in this year.
DeleteMadam how do you see the operating profit margin of Jubilant Industries. It is quite low when compared. Any scope of increase in near future
ReplyDeleteOPM for Q4 is 6% and for full year FY 21 is 8%. Company has posted 25 crore profit before tax which is highest in last 10 year. Debt reduced from 180 crore to 107 crore overall it is good performance and its benefit will reflect in coming quarters
DeleteHi Madam,
DeleteI have two query for Jubilant Industries. Could you please help me?
Query 1:
You said that current debt is 107 Crore for Jubilant Industries.
In balance sheet, Total non-current liabilities mentioned as 88.91 Crore.
But you mentioned as 107 Crore. To derive this 107 Crore, can you please let us know which number should I add along with 88.91 crore.
Query 2:
DTA is 52.15 Crore.
I am assuming this amount is provisions for future tax in book.
Can I request you to clarify about this DTA and DTL?
Thanks many for sharing knowledge with us
All the details of borrowing will be available in FY 21 annual report.
DeleteDeferred tax assets should be recognised and carried forward only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which they can be realised.
Sometime companies do the these adjustment for merger or demerger. Will get the exact picture in coming quarters.
Hi Madam,
DeleteThanks for your reply. I checked with my known circle also to derive 107 Cr, but we couldn't get this number.
From balance sheet, we are able to get only 88.91 Cr as debt not 107 Cr due to lack of financial skill set.
Mentioned URL for ease reference.
https://www.bseindia.com/xml-data/corpfiling/AttachHis/5513f5ff-2f07-4364-afb5-7b6376082a75.pdf
If time permit, we request to check and let us know what is missed component to add with derived number 88.91 Cr.
We are asking you this for our knowledge purpose
Thanks
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Thank you.
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Its now current p/e of 8.5 extremely under priced..
Can we buy now..?
Yes, its performance is improving but it is too late for us.
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2) Dollar Ind @ 310
3) Suven Pharma @ 475
Wr
Gajendrakumar
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From which sector our next stock will be..?
Regards